R/€ = 19.64 Change: 0.00
R/$ = 17.63 Change: -0.01
Au 1626.15 $/oz Change: 4.67
Pt 741.50 $/oz Change: -6.05


Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Steel vs plastic water tanks

26th March 2020 Water scarcity and water stress is a reality for South Africans; people are turning to water storage tanks to help with short-term solutions to minimise interruption of their water supply. Water tanks are used to store large quantities of water for many different reasons, including agricultural... 

Labour suggests South Africa use $11bn jobless fund for virus

By: Bloomberg     17th March 2020 South Africa’s biggest labour organisation and the nation’s main business lobby are pushing the government to find a way to utilise an unemployment fund with assets of about $11-billion to fight the effects of the coronavirus outbreak. The Congress of South African Trade Unions and Business Unity... 

WAITEX 2020 in Ghana postponed until 2021

By: Creamer Media Reporter      17th March 2020 Specialised Exhibitions and Afrocet, organisers of the West African Industrial Trade Exhibition (WAITEX) have announced that the show, due to take place in Accra in Ghana from 21-23 April 2020, has been postponed until 20-22 April 2021. “In light of the rapid spread globally of the coronavirus... 

Oil falls deeper into turmoil triggered by epic demand collapse

By: Bloomberg     16th March 2020 Oil’s spectacular collapse deepened as widening global efforts to fight the spread of coronavirus were set to trigger the most severe contraction in annual oil demand in history. Futures tumbled by more than 6% after plunging by a quarter last week -- the largest drop since 2008. Even a massive... 

AfDB approves $121.7m loan, Euro €3m grant to support Namibian water and sanitation sector

By: Natasha Odendaal     13th March 2020 The African Development Bank (AfDB) has approved a $121.7-million loan, along with a €3-million grant from the Rural Water Supply Sanitation Initiative Trust Fund, to support Namibia’s Water Sector Support Programme. The five-year programme aims to improve access to potable water and for... 

Chrome industrial power-supply series from Delta available from EM

12th March 2020 The Chrome series of industrial power supply from Delta, the world’s number one power supply manufacturer, is available from leading supplier ElectroMechanica (EM). The circuit breakers (h) 91 x (d) 55.6 mm with only (w), influenced by output 10 W/18 mm, 30 W/53 mm, 60 W/71 mm, and 91.2 W/90 mm.... 

How proactive safety creates a unified company

12th March 2020 Everyone is familiar with the safety record board, a point of reference for how many days a site has gone without an accident. This board is the result of health & safety’s rising prominence since the early days of the industrial revolution. It symbolises how far we’ve come to ensure safe working... 

BEKA Schréder launches versatile LED bulkhead

By: Creamer Media Reporter      11th March 2020 The QVAL is a decorative yet versatile, high-performance and reliable LED bulkhead which outperforms all conventional wall mounted bulkhead luminaires by providing a bright and long-lasting light for outdoor wall mounted applications. The design ensures a discreet integration without compromising... 

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